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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia Industrial Production MoM climbed to 1.2% in April 2026
FMPMonthlyReleased June 2026
Estonia Industrial Production MoM climbed to 1.2% in April 2026, released June 2026, up 3.5% from March's -2.3% reading. The print exceeded the 0.2% consensus by 1.0%. The print is running well above the 12-month average of 0.06%. Over the past 3 months, Industrial Production MoM averaged -1.37%, vs 2.1% in the prior 3-month window. The reading is in the 66th percentile of the trailing 24-month range.
Latest Release
1.2
Actual
0.2
Consensus
-2.3
Previous
Median Absolute Error
±1.41 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 0.2
Actual: 1.2
Error: -1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.87 | COMMODITIES | Bullish XAU | → View |
| BTC/USD | ▲ Direct | +0.67 | CRYPTO | Bullish BTC | → View |
| GBP/USD | ▲ Direct | +0.65 | FOREX | Bullish GBP | → View |
| USD/JPY | ▲ Direct | +0.32 | FOREX | Bullish USD | → View |
| S&P 500 | ▲ Direct | +0.31 | INDEX | Bullish S&P 500 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (Estonia) was reported at 1.2% in June 2026. This beat the market consensus of 0.2% by 1%. The reading rose from the previous value of -2.3%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.61%, ranging from -1.8% to 6% across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -0.5%, down from the prior three at 2.43%. Volatility over the past year (σ 2.34%) is lower than the prior year (σ 3.04%). In June readings over the past 3 years, Industrial Production MoM has averaged 0.2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.41%.
WHAT TO WATCH NEXT
The next release is scheduled for July 6, 2026.
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Industrial Production MoM - EE
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About Industrial Production MoM — Estonia
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 1.2 %, consensus 0.2 %. Prior reading (Mar 2026): -2.5 %. Before that (Feb 2026): -0.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.87) — a useful reference for commodities-focused traders.